Category : Banking


Gold and Silver Prices Fall in India on April 10

Gold and silver prices dropped in major Indian cities like Chennai, Delhi, and Mumbai on April 10, with 24-carat and 22-carat gold rates falling. The decline aligns with lower COMEX gold and silver prices amid USD fluctuations.

Gold Prices Record Worst Monthly Drop Since 2013

Gold prices fell sharply by 12% in March 2024, marking the worst monthly decline since 2013, according to the World Gold Council. The drop reflects shifting investor sentiment amid global economic uncertainties.

Ahmedabad Fraud: Rs 1.07 Crore Embezzled in Fake Stock Scheme

A major financial fraud has been uncovered in Ahmedabad where over Rs 1 crore was allegedly embezzled through a fake stock market investment scheme. Investors were convinced to take loans against mutual funds, with promises of high returns.

Punjab Minister Warns Banks Over Pension Delays

Punjab Finance Minister Harpal Singh Cheema has directed banks to clear pension processing delays and fix issues in the Pensioner Sewa Portal, linking future reimbursements to their performance.

Kolhapur Bank Raises Ladki Bahin Loan Limit to Rs 50,000

Kolhapur District Central Cooperative Bank increases loan limit for Ladki Bahin beneficiaries from Rs 30,000 to Rs 50,000 to support women entrepreneurs. Over 16,000 women have benefited, with lower interest rates and insurance options available.

Rupee Falls 16 Paise to 92.70 vs USD in Early Trade

The Indian rupee depreciated by 16 paise to 92.70 against the US dollar in early trade on Thursday, following a previous day's gain of 47 paise. This movement reflects ongoing volatility in forex markets amid global economic developments.

RBI Keeps Policy Rate Unchanged at 5.25%, Eyes Global Risks

The Reserve Bank of India's Monetary Policy Committee unanimously maintained the policy rate at 5.25% for the second meeting, citing global volatility from West Asia conflicts and oil price concerns while forecasting 6.9% GDP growth.

Washerman Gets IT Notice for Rs 598 Crore Diamond Deals

The Income Tax Department has issued notices to a roadside washerman in Ajmer and his bank manager over unexplained transactions worth Rs 598 crore linked to diamond trading. The washerman claims ignorance and has filed a police complaint.

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